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Evo-ERP and DBA Classic >> Accounting >> Book value
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Message started by Juan on 04/24/03 at 06:42:54

Title: Book value
Post by Juan on 04/24/03 at 06:42:54

We change the average cost of an item from 3. to zero, and recaculated the book value. The report said that acct# 9999 was reduced by $13. We are now trying to make the manual entry in GL but don't know where to do it every accnt in the GL is balance. Can anyone help?
Thx
JI

Title: Re: Book value
Post by David Waldmann on 04/24/03 at 08:43:24

There should be no need to make an adjustment unless #9999 is you clearing account, in which case you'll need to determine what account it was supposed to be posted to, and change it in GL-P.

Title: Re: Book value
Post by Lynn_Pantic on 04/24/03 at 09:40:44

Recalculate book value makes no gl posting but it tells you the GL Account associated with the item class that had the value adjusted. Typically you would make a balanced GJ entry between that account and COGS.